Ares Commercial Real Estate Corp. IPO Info

Company Name: Ares Commercial Real Estate Corp.
Stock Symbol: ACRE
Exchange: NYSE
Status: Priced
IPO Date: 4/26/2012
IPO Price: 18.50 (-11.24%)
Underwriters
Wells Fargo Securities, Citigroup, BofA Merrill Lynch, J.P. Morgan

Amount of Offering: N/A
Number of Shares Offered: 7.7 Mil
Shares Outstanding After Offering: N/A
Valuation: N/A
Company Description
Ares Commercial Real Estate Corporation is a recently organized specialty finance company focused on originating, investing in and managing middle-market commercial real estate loans and other commercial real estate, or "CRE-," related investments. The company targets borrowers whose capital needs are not being met in the market by offering customized financing solutions.

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